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CMOZ
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Tuesday June 15, 2:34 pm Eastern Time
Company Press Release
Cosmoz.com To Launch CosmozMall.com Shopping Site
SAN FRANCISCO--(BUSINESS WIRE)--June 15, 1999--Cosmoz.com, Inc. (OTC BB:CMOZ - news) announced today that it has entered into a partnership with Virtual Technology Corporation (OTC BB:VTCO - news) to develop CosmozMall.com.
This e-commerce shopping mall will carry merchandise such as computer hardware, software titles, and office supplies throughout the Cosmoz portal and its network of web sites. Launch date for CosmozMall.com will be in 60 days.
Cosmoz is developing the online storefront using VTC's E-Commerce solution and leveraging VTC's expertise in secure online transactions, order fulfillment, and customer service. Cosmoz.com shoppers will be able to buy from an inventory of over 40,000 products from 1,000 vendors such as IBM, Hitachi, 3Com, Hewlett Packard and Philips.
''VTC is just the partner we were looking for,'' said Wilfred Shaw, CEO of Cosmoz.com. ''With quality brand name products, great prices, excellent customer service, and free shipping, visitors to our portal will truly benefit from this relationship.''
By integrating VTC's line of computer and office products, Cosmoz.com continues to enhance value and overall shopping experience for users of the Shopping Partners section. This section currently enables users to shop at 27 different online stores, located one click away.
Cosmoz.com has established shopping affiliations with several major online retailers and e-commerce companies such as: Amazon.com, Jcrew.com, CDnow, Reel.com, Fogdog.com, SportingAuction, ExpressSupply, iPrint.com, and BrainPlay.com. Cosmoz.com's E-Commerce and Shopping strategy is to provide a wide selection of major online retailers, combined with Cosmoz.com's own niche market shopping web sites.
''This joint-venture shopping mall is an excellent addition to the Cosmoz Portal,'' said Justin Keener, Head of Business Development for Cosmoz.com. ''Not only does it further diversify the Cosmoz Network, but it brings another strong revenue stream that will help propel Cosmoz to profitability.''
About Virtual Technology Corporation
Established in 1996, VTC is an E-Commerce Company specializing in computer hardware and software. With its recent acquisition of Graphics Technologies, Inc. (GTI), it is a leading specialty distributor of premium computer and graphics products, software, and peripheral products to sophisticated computer resellers. VTC properties include www.vtcoauctions.com, www.virtual-world.com, and www.graphicstech.com.
The Cosmoz.com Network
The Cosmoz.com Portal, located at cosmoz.com, is modeled after leading Portals and Internet Venture Companies such as Yahoo! (NASDAQ: YHOO - news), Go2Net , CMGI (NASDAQ: CMGI - news), Lycos (NASDAQ: LCOS - news), AltaVista (NASDAQ: CPQ - news), Excite (NASDAQ: XCIT - news)and Netscape Netcenter (NASDAQ: AOL - news), as a stand alone business and with the expressed purpose of marketing the web sites within the Cosmoz Network. The Cosmoz.com Portal provides several unique features, plus all the content, functioning and ease of navigation users expect from major Internet Portals. Additional features such as Free Email and Personalization will be added in the near future.
Cosmoz.com-owned web sites also provide unique content, integrated into the Cosmoz.com Portal. This adds value to the Cosmoz.com Portal, which advertises and serves as a window to other Cosmoz.com web sites.
For instance, Cosmoz.com financial web sites, BuckInvestor.com and Kingfine.com, will have investment articles and polls displayed on the Portal. Active message board topics on MBmagic.com are displayed and information about Cosmoz.com's Online Gaming web sites, RealBet.com and DragonCasino.com, will be available.
The Cosmoz.com Portal also provides corporate information such as Cosmoz.com news releases, contact information, employment opportunities, Corporate information and how to sell your web site.
About Cosmoz.com
Cosmoz.com's (http://www.cosmoz.com) mission is to become a recognized leader in the development acquisition and investment of high profile, high traffic, niche market -- Internet related businesses and web-based technologies. Cosmoz.com's goal is to become a major force in the Internet industry and is dedicated to the development and acquisition of up to 20 websites by the year 2000.
Management has just closed Kingfine.com, an online resource website for the active investors with almost 15,000 subscribers, and, is currently in different phases of closing three to four more website deals. Furthermore, negotiations with several acquisition candidates and investment opportunities are ongoing.
''We are excited about our current pace, developments and are on our way to reach our goal of creating a network of websites under the Cosmoz Portal,'' said Wilfred Shaw, CEO of Cosmoz.com. ''Our company is growing at a rapid pace and we are actively seeking more acquisition candidates,'' he added.
Certain information and statements included in this release constitute ''forward-looking statements'' within the meaning of the Federal Private Securities Litigation reform Act of1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
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Contact:
LD Communications, Inc. for Cosmoz.com
Bill Tunnell, 623/825-2550
Tunnellaz@aol.com
or
Hampton-Porter Investment Bankers
Michael Losse, 800/545-3345
mlosse@hpib.com
or
Compass Point Group, Inc.
Diann Tongco, 619/525-0800
dt@venturefinance.com
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